Oct 5, 2012 12:00am EDT
. >> great to be here, melissa. melissa: time for today's energy report when we break down the biggest headlines affecting the industry and their impact on the economy. in last night's debate mitt romney said ending the oil industry tax breaks would be on the table if the corporate tax rate is lowered but the american petroleum institute says ending those deductions would hit small production companies especially hard, raise costs, and reduce production. in other words, bad idea, they say. in a letter to the governor of alaska a trio of energy companies are moving forward to build a natural gas pipeline that would export liquified natural gas from asia to a -- from alaska to asia. conoco-phillips, tran canada joined forces with the project. it will cost $65 billion but might not be ready for 10 years. in a nod to the booming energy industry, booming shale and gas production will give u.s. rerefineries advantages over others around the world. fracking in unconventional shale will push refiners into higher utilization rates. the challenge? getting fuel from the field toe the refineries.
Oct 5, 2012 7:00am EDT
like these candidates to address one simple fact. what are you talking about, when you consider energy more important than water? host: thank you. asking you, what to the role of government be in your life. let us look at this post -- state a bit more. local a lot more. they should keep them and aligned with regard to protecting rights. protecting the american economy on a global scale. regulating commerce, and relate regulating big business for the protection of the people -- setting reasonable taxes for the welfare of the nation, protecting and maintaining, advancing the national infrastructure. generally acting as leaders. next up is sherry, watching us up in des moines, iowa. caller: i do agree with mitt romney. i think the government is getting way too big. host: next up is les in detroit. a democrat. you are on. caller: we in michigan have to decide in november whether to allow a big state to come into a city to take over and take a financial manager or an emergency manager and. i guess they think the cities who have -- local government where they can come in and remove the city